George Laverne Wilson - Dec 2, 2023 Form 4 Insider Report for Quanex Building Products CORP (NX)

Signature
/s/ Paul B. Cornett, Power of Attorney
Stock symbol
NX
Transactions as of
Dec 2, 2023
Transactions value $
-$196,733
Form type
4
Date filed
12/4/2023, 04:21 PM
Previous filing
Dec 20, 2022
Next filing
Dec 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NX Common Stock Tax liability -$197K -6.21K -3.27% $31.68 184K Dec 2, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Shares were sold to cover taxes due in connection with the lapse of forfeiture restrictions on restricted stock originally granted to the reporting person on December 2, 2020.
F2 Includes 29.653 shares credited to the reporting person's account as the result of prior dividend reinvestments under the Company's Employee Stock Purchase Plan.